What will happen if a Bitcoin ETF is approved? Find out on ‘The Market Report...
“The Market Report” with Cointelegraph is live right now with special guest Mati Greenspan, founder and CEO of Quantum Economics. Join Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Marcel Pechman on “The Market Report” — which is live right now! Here’s what to expect in this week’s markets news breakdown:$820 million worth of Bitcoin (BTC) options are set to expire on Friday. The bulls are ready to celebrate as they target prices above $58,000.Billionaires are backing Bitcoin over gold as governments in the West print more and more money.....
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March 11th is the next milestone date in Bitcoin history, as the Securities and Exchange Commission (SEC) will decide whether to allow the world’s first Bitcoin ETF fund. So what could happen if it is approved? Bitcoin ETF Could Lead to ‘Irrational Exuberance’. If the SEC approves the Winklevoss Bitcoin Trust next month, it might set off a speculative rush into bitcoin. An easily accessed ETF (exchange-traded fund) that tracks the value of bitcoin could cause money to flood into the fledgling bitcoin market. What some see as a chance for average investors to participate in one of the great....
If Solend is unable to take over the account, some believe that it could cause a meltdown, driving Solana’s price to zero. Solana-based decentralized finance (DeFi) lending protocol Solend has created another governance vote to invalidate the recently-approved proposal that gives Solend Labs "emergency powers" to access a whale's wallet to avoid liquidation. On Sunday, the crypto lending platform launched a governance vote titled “SLND1 : Mitigate Risk From Whale.” This allows Solend to reduce the risk that the whale’s liquidation poses to the market by letting the lending platform access....
This is the inaugural monthly market insights report by Bitcoin.com Exchange. In this and subsequent reports, expect to find a summary of crypto market performance, a macro recap, market structure analysis, and more. Crypto market performance In late March, BTC tested $48,000, a key resistance level which had not been reached since September last year. After failing to push through, the marquee crypto saw a reversal to the $40-42,000 level. This had been acting as new support, notably higher than the previous support of $36-38,000 seen in the first quarter of 2022. However, at the time of....
This is the May 2022 monthly market insights report by Bitcoin.com Exchange. In this and subsequent reports, expect to find a summary of crypto market performance, a macro recap, market structure analysis, and more.
Crypto Market Performance
May got off to a rough start as the Federal Reserve confirmed a hawkish bias on the back of lingering inflation. Markets reacted by going risk-off.
The collapse of LUNA and UST added fuel to the fire, with the result that crypto markets saw historically large drawdowns.
BTC reached a low of $25.4k USD, which is 60% off....
Bloomberg senior analyst Eric Balchunas says there is a 75% chance that the SEC will approve a Bitcoin futures ETF this month. A surge in Bitcoin prices today may be in response to increased speculation that an exchange-traded product could finally be approved in the coming weeks.BTC prices are up 7% over the past 24 hours and have surged a whopping 32% over the past week according to CoinGecko. This bullish price action for BTC only, may be a form of front-running by big bag holders in anticipation of a futures ETF approval by the U.S. Securities and Exchange Commission.On Oct. 7,....